The board of directors in their meeting held today has appointed M/s. G.V. and Associates as Secretarial auditors of the company for a period of 5 years from FY 2025-26 till 2029-30 subject ....
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Garment Mantra Lifestyle's board (meeting on 30 May 2025) approved audited standalone and consolidated financial results for Q4 and FY ended 31 March 2025. On a standalone basis, revenue from operations fell to Rs 8,138.27 lakhs (vs Rs 10,484.94 lakhs in FY24), but net profit rose about 12% to Rs 159.90 lakhs (EPS Rs 0.08). On a consolidated basis, revenue dropped to Rs 13,241.06 lakhs (from Rs 16,413.01 lakhs), while net profit grew nearly 16% to Rs 286.69 lakhs (EPS Rs 0.15). The statutory auditor NBT and Co issued an unmodified (clean) opinion, though it flagged pending confirmations for some trade balances and incomplete MSME vendor reconciliation. The board also appointed M/s. G.V. and Associates as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. Trading window for insiders remained closed till 2 June 2025.
Mixed picture for shareholders: top-line shrank sharply year-on-year but profit margins improved, aided by lower raw material and finance costs and a big drop in borrowings (standalone borrowings fell from Rs 3,982.71 lakhs to Rs 858.11 lakhs). The clean audit and absence of investor complaints are positive, though the auditor's notes on pending reconciliations are worth monitoring. Overall, this is a routine annual results + governance update with no major red flags.